Mexico: Market for Sanitary Ware And Parts Of Iron Or Steel 2025

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Mexico

The Mexican market for sanitary ware and parts of iron or steel expanded notably to $X in 2021, with an increase of 12% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Iron or steel sanitary ware consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Sanitary Ware And Parts Of Iron Or Steel in Mexico

In value terms, iron or steel sanitary ware production rose remarkably to $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.2% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 40%. Iron or steel sanitary ware production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports from Mexico

In 2021, shipments abroad of sanitary ware and parts of iron or steel increased by 113% to X tons, rising for the fourth year in a row after two years of decline. In general, exports saw mild growth. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, iron or steel sanitary ware exports surged to $X in 2021. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 25% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for iron or steel sanitary ware exports from Mexico, accounting for a 95% share of total exports. It was followed by Guatemala (X tons), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +2.8%.

In value terms, the United States ($X) remains the key foreign market for sanitary ware and parts of iron or steel exports from Mexico, comprising 91% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +1.4%.

Export Prices by Country

In 2021, the average export price for sanitary ware and parts of iron or steel amounted to $X per ton, falling by -45.8% against the previous year. In general, the export price saw a slight setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 81% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Guatemala ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+3.9%).

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports into Mexico

In 2021, purchases abroad of sanitary ware and parts of iron or steel increased by 163% to X tons, rising for the fifth year in a row after three years of decline. In general, imports enjoyed measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel sanitary ware imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main iron or steel sanitary ware supplier to Mexico, accounting for a 92% share of total imports. Moreover, iron or steel sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.8% per year) and the United States (-14.4% per year).

In value terms, China ($X) constituted the largest supplier of sanitary ware and parts of iron or steel to Mexico, comprising 85% of total imports. The second position in the ranking was held by the United States ($X), with a 5.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.2% per year) and Taiwan (Chinese) (+1.9% per year).

Import Prices by Country

In 2021, the average import price for sanitary ware and parts of iron or steel amounted to $X per ton, declining by -49.7% against the previous year. In general, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2015 an increase of 228% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :